What is Entrepreneurs For North Texas (EFNT)?

A fund of Communities Foundation of Texas, EFNT assists small and mid-size companies serve as good corporate citizens by facilitating their community involvement and philanthropy in a way that's good for their business. 

Who can join Entrepreneurs For North Texas?

Both private and public companies can join at any stage.  Size and/or duration in business do not matter. 

How does a company get involved?

A company can join by either paying for an annual cash membership (determined by number of employees), making a pledge of the value of shares of stock at the time of a liquidity event plus a $500 annual contribution, or by opening up a donor-advised fund with EFNT's parent organization, Communities Foundation of Texas (minimum is $10,000 which goes to the donors' charities of choice).

If a company wants to join by making a pledge of the value of the shares of stock at the time of a liquidity event, how many shares, or what dollar value is required?

Although there is no minimum number of shares required, EFNT typically asks companies to pledge the value of between 1/8 to 1% of their shares so that, upon a liquidity event, the member company will have a meaningful amount to donate to charities of their choice. 

If a company wants to join through an annual cash membership, how much does it cost?

With the amount of the fee dependant on the number of company employees, a company can join the network for a nominal amount:

1 - 10 employees       $1,000

11 - 50 employees     $2,500

50 + employees         $5,000

What are the Membership benefits?

Benefits of joining EFNT's membership are plentiful and diverse!

1) EFNT hosts a series of Plug 'N Play community service projects six times a year in which Member Company employees can participate on a first come, first-serve basis. These include a range of projects including  painting, landscaping, mentoring and supply drives for various non-profit partners providing critically needed services in North Texas.

2) If a Member Company so chooses, EFNT will provide due-dilligence for their charitable contributions.

3) One of EFNT's most highly regarded value propositions is that we host exclusive networking events that bring together like-minded good corporate citizens to either celebrate corporate philanthropy (Spirit of Entrepreneurship) or experience quality time with high-profile and successful business leaders in the North Texas region (Leaders & Legends series).

4) When member companies leverage the resources of EFNT, it makes the company a better place to work by enhancing team-building, recruiting, retention, morale and employee satisfaction

5) If desired, member companies can gain positive publicity regarding their community involvement

6) Most of all, EFNT MAKES IT EASY TO DO GOOD!

Why join EFNT's network?

Joining EFNT gives companies a chance to give back to the community while enhancing the company's team building, recruiting, retention and morale.  It provides a virtual "staff" member who focuses on developing a corporate community involvement program.  Additionally, joining the Entrepreneurs For North Texas opens the door to the rapidly growing network of Entrepreneurs Foundations across the United States and in Israel that includes more than 300 companies and dozens of venture capital firms and professional service providers.

What other cities have EF affiliates?

Cities outside of Dallas, TX hosting EF affiliates include:  Austin, TX; Honolulu, HI;  Concord, NH; Tel Aviv, Israel;  Boston, MA;  Portland, OR;  Boulder, CO;  and Lexington, KY.   The newest site is currently launching in New Mexico.